#usnokingsprotests The US Dollar Index (DXY) slipped to the 100.00 level amid minor risk-off sentiment, but hawkish Federal Reserve expectations continue to limit further losses. Investors remain cautious, balancing economic data against rate hike expectations. Technicals suggest short-term consolidation, with downside likely contained unless Fed guidance shifts unexpectedly.
Trade Idea
Bias: Buy on dips
Reason: Hawkish Fed bets limit downside, support at 100.00 strong
Plan:
Buy near 100.00 support
Take profits near key resistance zones around 101–101.50
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